Frederick J. Holzgrefe III - Aug 4, 2022 Form 4 Insider Report for SAIA INC (SAIA)

Role
President & CEO
Signature
/s/ Kelly W. Benton
Stock symbol
SAIA
Transactions as of
Aug 4, 2022
Transactions value $
-$2,347,793
Form type
4
Date filed
8/8/2022, 04:42 PM
Previous filing
Aug 3, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAIA Common Stock Options Exercise $755K +11.4K +78.16% $66.03* 26.1K Aug 4, 2022 Direct
transaction SAIA Common Stock Options Exercise $256K +2.55K +9.8% $100.20 28.6K Aug 4, 2022 Direct
transaction SAIA Common Stock Sale -$3.36M -14K -48.88% $240.17 14.6K Aug 4, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAIA Stock Options (Right to Buy) Options Exercise $0 -2.55K -49.99% $0.00 2.55K Aug 4, 2022 Common Stock 2.55K $100.20 Direct F1
transaction SAIA Stock Options (Right to buy) Options Exercise $0 -11.4K -100% $0.00* 0 Aug 4, 2022 Common Stock 11.4K $66.03 Direct
holding SAIA Phantom Stock 5.29K Aug 4, 2022 Common Stock 5.29K Direct F2, F3, F4
holding SAIA Stock Options (Right to Buy) 5.07K Aug 4, 2022 Common Stock 5.07K $277.86 Direct F1
holding SAIA Stock Options (Right to Buy) 6.46K Aug 4, 2022 Common Stock 6.46K $200.81 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.
F2 The conversion rate of this derivative security on August 4, 2022 is 1.1475 resulting in 6,068.645 shares of common stock (underlying security in column 7).
F3 Immediate
F4 The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.